The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 No. 934

Amendment of regulation 14 E+W+S

10.—(1) Regulation 14 (charges etc.—permitted reductions in members’ rights) shall be amended as follows.

(2) In paragraph (5)—

(a) in sub-paragraph (c) for “are incurred” substitute—

“(including any dilution levy) are incurred by the trustees or manager”;

(b) after sub-paragraph (d) insert “ and ”;

(c) after sub-paragraph (e) omit “and”; and

(d) omit sub-paragraph (f).

(3) In paragraph (8) omit “costs or”.